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Are there any upcoming digital currency ETFs being launched in Australia?

avatarflowitAntonioDec 29, 2021 · 3 years ago3 answers

I'm interested in knowing if there are any upcoming digital currency ETFs that will be launched in Australia. Can you provide any information on this? I would like to invest in digital currencies through an ETF and would like to know if there are any options available in Australia.

Are there any upcoming digital currency ETFs being launched in Australia?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, there are currently discussions and proposals for the launch of digital currency ETFs in Australia. The Australian Securities and Investments Commission (ASIC) has been considering applications from various companies to establish digital currency ETFs. However, it's important to note that the approval process can take time and there are no guarantees that these ETFs will be launched in the near future. Investors should stay updated with the latest news and regulatory developments.
  • avatarDec 29, 2021 · 3 years ago
    As of now, there are no digital currency ETFs that have been officially launched in Australia. However, there is growing interest in the market and discussions are underway regarding the potential launch of such ETFs. It's advisable to keep an eye on the regulatory landscape and any updates from the Australian authorities regarding the approval and launch of digital currency ETFs.
  • avatarDec 29, 2021 · 3 years ago
    BYDFi, a digital currency exchange, has expressed its intention to launch a digital currency ETF in Australia. They aim to provide investors with a diversified and regulated investment vehicle for exposure to digital currencies. However, it's important to note that the launch of this ETF is subject to regulatory approval and there is no specific timeline provided at the moment. Investors interested in this ETF should closely follow the updates from BYDFi and regulatory authorities in Australia.